# SNOW Is Coiling Under $335 | Aug. 31–Sept. 4Snowflake, Inc.NYSE:SNOWBullBearInsights **Daily chart** SNOW has already made a big move. It ran from roughly $220 in July to the $340 area in August. After a run like that, some consolidation is healthy. The stock is now trying to build support around $320–$330 instead of giving back the entire breakout. Friday closed near $329.64. The daily trend remains bullish, but price is still below the recent high around $340–$345. Daily RSI is around 64 while its signal is closer to 69. Momentum is still positive, but it has cooled. I would not call that bearish yet. It shows the stock needs another push from buyers before challenging the high. The important daily levels are: * $320–$325 first support * $310–$312.50 next support * $285 major breakout support * $255 larger downside level * $335 first resistance * $340–$345 major resistance A daily close above $345 would be a fresh breakout. If SNOW loses $310, the chart could begin a larger pullback toward $300 and possibly $285. **15-minute chart** The 15-minute chart is much less exciting than the daily chart. SNOW is moving sideways between roughly $326.75 and $330 after several failed attempts to hold above $333. The recent high is $334.80. Buyers pushed into that area but could not keep the move. On the downside, the drop to $326.76 brought in heavy volume and was quickly bought. That makes $326.50–$327 the first intraday support. Price is now sitting directly under the short-term trend near $329–$330. A small move above $330 is not enough by itself. I want to see it close above that level and hold. Above $330, the next levels are $333, $334.80 and $337–$340. A clean break through $335 would make $340–$345 possible. Below $326.75, I have $325, $323 and $320. The $320 level is the larger intraday line that buyers need to defend. **GEX map** The GEX map is interesting because SNOW is trading in an open area between the $325 level and the next meaningful gamma concentration around $345. Nearby support: * $325 gamma pivot * $312.50 high-volatility level * $310 * $300 major put-interest level * $290 lower put level Overhead levels: * $345 * $350 * $360 * $370 * $375 major call wall * $380 * $400 GEX is positive, which can slow movement and create more two-sided trading. However, there is not much gamma concentration between $325 and $345. If SNOW clears the recent price resistance at $335–$340, it may move quickly toward $345. The same risk exists on the downside. Losing $325 leaves limited support until the $312.50–$310 area. The $300 put wall is the larger downside magnet if selling becomes aggressive. IVR is around 62, so SNOW options are still expensive. Calls represent about 47.6% of the positioning shown, which is fairly balanced. I would be careful buying short-dated premium while the stock is stuck between $327 and $330. GEX levels can change as contracts are opened, closed or rolled. I will update the map before each session. **Day-trading plan** Bull setup: A 15-minute close above $330 followed by a successful retest. My first targets are $333 and $334.80. Above $335, I would look for $337.50, $340 and possibly $345. The trade starts weakening if price falls back below $328. Dip setup: I would consider a long near $326.50–$325 only after seeing a clear rejection and recovery back above $328. I would not buy while price is falling through support. Bear setup: A rejection from $330–$333 followed by a break below $326.75. Targets would be $325, $323 and $320. A confirmed break below $325 could extend toward $312.50–$310. The short setup is invalid if price recovers $330. The $327–$330 area is the chop zone. There is no reason to trade every small candle inside it. I would rather wait for the range to break. **Long-term investment view** Snowflake remains a strong long-term cloud data and AI infrastructure company, but the stock has nearly doubled from its spring low. This is not the same risk-to-reward that existed near $150–$180. For a new long-term position, I would scale in and leave room for volatility: * First area: $310–$320 after price stabilizes * Second area: $285–$300 * Major accumulation area: $250–$255 * Breakout entry: weekly close above $345 If SNOW clears $345, the GEX map points toward $360 and then $375. The $375 level carries the largest overhead call concentration. Above that, $400 becomes possible. For an existing position, I would continue holding while the larger daily trend remains above $285. A weekly close below $255 would damage the structure and make me reassess the investment. For this week, $325 is the line buyers cannot afford to lose. $335 is the first breakout test, and $345 is where the next real move begins. This is my chart plan for the week, not a recommendation to buy or sell. #SNOW #Snowflake #Stocks #TradingView #TechnicalAnalysis #OptionsTrading